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Council eyes bigger tax-relief package for businesses in 2021 Downtown Calgary high-rises were photographed on Wednesday, February 3, 2021. Photo by Azin Ghaffari/Postmedia
City council took a step toward rolling out a bigger relief package than originally planned for 2021 to shelter businesses from property tax hikes.
A council committee approved Coun. Jeromy Farkas’s proposal Tuesday to spend $44 million to hold non-residential property taxes flat this year.
That’s more than double the $21-million rebate program council approved during last year’s budget talks. That money was meant to ensure businesses didn’t see tax increases in excess of 10 per cent compared to the year before.